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Financial Reporter - Longer mortgage terms becoming commonplace, brokers say

Financial Reporter - Longer mortgage terms becoming commonplace, brokers say

Newspage, asked brokers if they are seeing growing demand for longer-term mortgages due to affordability reasons and as people seek to mitigate higher mortgage rates.
One said “30-40 year mortgage terms are becoming commonplace”, while another added that “35 has become the new 25”. See their full responses:

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Link to Original Article: Financial Reporter - Longer mortgage terms becoming commonplace, brokers say